EURUSD – UpDaily chart: bears saved their potential and prevented an upward correction. The oscillator still shows signs of convergence and ADX is not in the trend area. The possibility of a pullback is still here. For example, from the round level 1.07. Н4: support is at the lower Bollinger band (1.0680) and, as we see, ADX is corrective, which makes it a rebound much likely. Resistance is at 1.0817 (middle Bollinger band) Н1: at this local frame, the pair is in the horizontal flat corridor 1.0700-1.0800 (the range of Bollinger envelopes). ADX is weak and corrective, so the flat can be maintained. The main scenario – flat 1.0700-1.0800 The alternative scenario – decline to 1.0680 and then a rebound towards 1.08 Trading solutions: So, we should look for the upward entries to 1.0680 -1.0700. The overall trend is still top-down, so we can entrer on the upward correction only after the signal at H1 is formed.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/potencial/issue_83957.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063
